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The Financial Times Guide to Wealth Management, 2nd Edition by Jason Butler

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CHAPTER 24

PHILANTHROPY

‘We make a living by what we get, but we make a life by what we give.’

Winston Churchill

In Chapter 1 we looked at Maslow’s hierarchy of needs and the fact that, as our own and our immediate family’s needs are met, it is natural to seek a higher level of fulfilment, meaning and purpose: the process of self-actualisation. Giving time or money to causes from which neither you nor your family can directly benefit is clearly an altruistic and selfless act and may help you to achieve that feeling of greater meaning and purpose in your life.

Giving time

Helping people or causes doesn’t have to mean giving away your wealth. Giving your time can be equally valuable and, in many cases, more fulfilling. There are numerous ...

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